Back into Banks
Ian Morley, director at Quantum Investment Management, believes if you are brave, now is a good time to get back into banks as they are at currently valued at such low levels.
"When you look at some of these banks at the current prices, either they're out of business or they're not. My gut view is they're not," Morley said.
Look at Stocks that Survived the Depression
"Risk is as cheap as it has ever been in our investment experience, probably since 1929," John Haynes, strategist at Rensburg Sheppards said, adding that investors should look at stocks that got through the last depression in order to ride out this recession.
He suggests Coca-Cola and General Electric (GE is the parent company of CNBC).
Haynes is also "dipping his toe" in corporate credit at the highest tier.
Volatility Set to Ease
Stock-market volatility should decrease over the coming weeks, Nick Parsons from nabCapital Markets, told CNBC.
"I'm still not sure that's going to be enough to tempt real money investors back … but I think there is a chance that some of the wilder swings that we've seen in the last few weeks are unlikely to be repeated in the short term at least," Parsons said.
Buy Defensive Drug Stocks
The pharmaceutical sector will provide defensive growth going forward and should be considered ahead of other sectors, Christophe Eggmann from Julius Baer told CNBC Monday.
Switzerland's Roche has upside potential in terms of operating margins, while Novartis has more stability because of its defensive cash-flow generation, Eggmann said, adding that he prefers Roche.
Which Sectors Are Hot & Which Are Not
"If you look at the sectors, obviously financials are still toxic, you don't want to touch them," Jacob Schmidt, CEO of Schmidt Research Partners, said, adding that there is value in the mining, basic resource and technology sectors.
In the mining sector, Xstrata is totally oversold, therefore making it of good value, according to Schmidt.